Shiba Inu Bull Flag Breakout soon?We all remember what happened here the last time..
If your new here you probably wont remember because we did it on my other trading account but i have several followers here from my previous account that they know very well... Either this chart makes you happy because you traded it with me last time and made a fortune.. Or it triggers & upsets you because you didn't believe in my analysis and told the story was done & over.
Today History is repeating, knowing Shiba hasn't done anything in the last month but going sideways, we have this great bull pattern about to do some serious move
We expect some good catalyst so the price can spike up again but wat gets my attention here is this:
Nov 2: 880,359 total $SHIB holders
Dec 16:1,066,221 total $SHIB holders 176,862 new SHIB holders in 45 days
That’s an average of +3900 new $SHIB holders each day!
and not only that, there are multiple big stores like Nordstrom that they now accept Shiba and Visa so far Shiba inu is growing more and more every day.
we just need one more strong catalyst to make the price explode and we know is Robothood
So to wrap this up, Whatever happens in the next days note we are in the same situation as the last daily bull flag...
no news no nothing and then the price just exploded like never before ! hoping this time will do the same thing.
-Mike
Shibacoin
SHIBA INU (SHIB) at critical support! Will we moon from here? SHIB/USDT is sitting at the 100 MA after forming a long descending channel (bull flag on the weekly). There is major bullish divergence between the price and RSI and the market has already showcased its support on the S1 pivot when $SHIB wicked to exactly that level on December 4. I would still set an SL at 0.0000275. Short term PT at 0.000053 and 0.00007.
Putting in a Buy Limit Order on Shiba Inu Coin @.00002937Traders,
Shiba Inu looks to have almost reached my target down. I am putting in a Buy Limit order at .00002937 and hoping to capture the re-entry here either tonight or Sunday night. If I don't catch it on one of these nights, I will cancel my order and re-assess.
You can view my current target sell areas (subject to change) on the chart.
Best of luck traders!
SHIBA INU propaganda is overProbably you heard everyone talk about the Shiba Inu coin and how profits it makes in less than 1 month, 1100 % return seems cool but where the coin will go for the next period,
the propaganda behind Shiba is what makes it attract liquidity technically there is no project or a company behind this coin. the market cap has changed from 41.19 B on 30 October to 20.7 B market cap on 7 December making -60% loos of the price. even in the crypto market crash, the top coins are still a value like XRP, EOS.
Inexperienced investors and new crypto holders have a concept that Shiba will be 1 cent and they will be millionaires in the short term of the investment.
The propaganda is over now, Don't be fooled by false advertising
SHIBUSDT trade microanalysis SHIBUSDT trade can go in two ways up. Either trade can bounce from 100% fib level back towards 261% Fib level or trade can bounce from 38% fib level to get lower ball and achieve handsome profit. Basically SHIBUSDT trade trend based on support @100% fib level as shown in yellow bar. I will prefer to enter around 50%-38% fib level.
SHIBUSDT | The best scenario for climbing🏹Hello traders, SHIBUSDT in daily timeframe ,Shiba currency trend has completed waves 1 and 2 and now wave 3 is being formed.
Wave 3 is in the early stages of its process: microwave 1 is over and microwave 2 is forming.
Wave 2 Wave a has the shape of five waves and we will conclude that the pattern of wave 2 will be zigzag .
The wave a trend is over in every way. Now the wave correction process b has started.
We consider wave b as a zigzag , which will have a correction up to the range of 0.00007, and after completing this wave, wave c moves normally to the size of wave a .
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SHIB on track for 0.00007400If you haven`t bought at this first call, when SHIB was 0.00000684:
or when the retracement was completed:
then you should know that SHIB is still on track for 0.00007400usd.
i have determined that value by using the Fibonacci extension tool and choose the Fib 0.618 as my main target.
$SHIBA INU target by end of 2021 ✅BINANCE:SHIBUSDT
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Possible Targets
➡️Hold 0.78 lvl by Fib
➡️Last impulse up according to size second impulse
➡️If we break out previews ATH the last point I marked on chart
➡️In more optimistic scenario Shiba can touch 2.61 lvl by FIB
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